| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | DE000NWB0AH9, DE000NWB0AN7, DE000NWB0AL1, DE000NWB0AJ5, DE000NWB0AM9 |
| Industry group | Banks |
| Aligned with SDGs |
NRW.Bank is the development bank of the German state of North Rhine-Westphalia. It provides loans, financing and advisory services to support the state in achieving its structural and economic policy tasks in North Rhine-Westphalia. It has a public mission and does not focus on maximising profits. These promotional tasks are divided in four segments: Economic Development, Social Housing, Infrastructure and Municipalities, Public Finance. The clients of NRW.BANK benefit from favourable conditions as well as from long maturities and fixed interest periods. The bank has been founded in 2004 when the Landesbank Nordrhein-Westfalen was reorganised into NRW.Bank. The bank is headquartered in Dusseldorf and has 1,428 employees.
Investment rationale
DE000NWB0AH9, DE000NWB0AN7, DE000NWB0AL1, DE000NWB0AJ5
The proceeds of the four green bonds are used to finance projects that focus on both climate mitigation and climate adaptation. The projects include green buildings (43% of proceeds), renewable energy (26%), clean transportation (25%), energy efficiency (6%), river restoration (16%). These projects contribute to reduced emissions and improved biodiversity in North Rhine-Westphalia through better energy efficiency in buildings, more renewable energy generation, electric public transport, and a restored river.
In total, 100% of the proceeds of the green bonds is aligned with the Energy Transition.
DE000NWB0AM9
The social bond framework was launched in order to decrease disparities and harmonise living conditions across the region and to support the local economy, stimulate affordable housing, increase access and quality of education and ensure liquidity of municipalities. Proceeds are used to finance Affordable Housing (9%), Education (10%), SMEs (55%) and Municipalities (26%).
In total, 89% of the revenues is aligned with the Societal Transition and 11% with the Wellbeing Transition.
The contribution to the Societal Transition comes from 55% of proceeds allocated to the impact objective Employment Generation, 28% of proceeds allocated to Affordable Basic Infrastructure, and 5% of proceeds allocated to Affordable Housing.
The contribution to the Wellbeing Transition comes from 12% of proceeds allocated to the impact objective Access to Essential Services: Education.